How Rasmussen University-Minnesota's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Rasmussen University-Minnesota since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,132, which is 70.33 % of all undergraduate students. 3,062 students which is 68.56% of undergraduate students received federal student loans and the average loan amount is $8,188.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	3,200 (63%)	$4,193	2,673 (52%)	$3,214	2,978 (58%)	$7,731
2014-15	3,348 (62%)	$4,448	2,641 (49%)	$3,272	3,006 (56%)	$7,413
2015-16	2,737 (51%)	$4,577	2,181 (41%)	$3,727	3,140 (58%)	$6,352
2016-17	2,967 (62%)	$7,551	2,051 (43%)	$3,912	3,094 (65%)	$8,636
2017-18	3,026 (67%)	$8,219	2,076 (46%)	$4,139	3,153 (70%)	$9,369
2018-19	3,556 (87%)	$4,268	2,094 (51%)	$4,394	3,121 (76%)	$8,714
2019-20	3,102 (79%)	$5,169	2,031 (52%)	$4,456	3,085 (79%)	$8,063
2020-21	3,405 (88%)	$5,382	2,040 (53%)	$4,864	3,113 (81%)	$8,632
2021-22	2,844 (74%)	$5,816	1,915 (50%)	$4,796	2,869 (74%)	$8,784
Average	3,132 (70.33%)	$5,514	2,189 (48.56%)	$4,086	3,062 (68.56%)	$8,188

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 100 (77.78 % of students) received grants or scholarships and its average amount is $5,687. It can cover 48.40% of tuition & fees ($11,750).

In addition, 98 (77.78 % of students) students get helped from the students loans (average amount : $7,426).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	141 (88%)	$6,426	138 (86%)	$7,823
2014-15	96 (83%)	$6,096	101 (88%)	$7,287
2015-16	43 (64%)	$4,743	49 (73%)	$5,341
2016-17	132 (80%)	$5,604	118 (71%)	$5,888
2017-18	133 (77%)	$6,012	127 (73%)	$8,521
2018-19	98 (72%)	$4,589	82 (60%)	$7,583
2019-20	81 (71%)	$5,156	89 (78%)	$6,294
2020-21	99 (88%)	$6,267	97 (87%)	$9,109
2021-22	73 (77%)	$6,286	80 (84%)	$8,989
Average	100 (77.78%)	$5,687	98 (77.78%)	$7,426

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 78 (61.78 % of students) received Pell (federal) grants and its average amount is $4,584.

In addition, 69 students received State/local government grants/scholarships (52.78 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	114 (71%)	$4,847	24 (15%)	$533	123 (76%)	$2,212	41 (25%)	$1,676
2014-15	78 (68%)	$4,696	18 (16%)	$600	76 (66%)	$1,944	39 (34%)	$1,549
2015-16	41 (61%)	$3,972	8 (12%)	$600	14 (21%)	$2,291	5 (7%)	$846
2016-17	98 (59%)	$3,895	20 (12%)	$805	85 (51%)	$2,474	75 (45%)	$1,755
2017-18	104 (60%)	$4,266	4 (2%)	$450	78 (45%)	$2,878	73 (42%)	$1,775
2018-19	80 (58%)	$4,205	10 (7%)	$620	68 (50%)	$1,364	18 (13%)	$801
2019-20	65 (57%)	$4,614	25 (22%)	$727	56 (49%)	$1,443	17 (15%)	$1,102
2020-21	69 (62%)	$5,433	71 (63%)	$876	67 (60%)	$1,851	34 (30%)	$1,746
2021-22	57 (60%)	$5,332	15 (16%)	$600	54 (57%)	$2,010	23 (24%)	$1,628
Average	78 (61.78%)	$4,584	22 (18.33%)	$646	69 (52.78%)	$2,052	36 (26.11%)	$1,431

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 98 (77.78 % of students) get any students loan help and its average loan amount is $98.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	138 (86%)	$7,823	138 (86%)	$7,602	6 (4%)	$5,085
2014-15	101 (88%)	$7,287	101 (88%)	$7,182	2 (2%)	$5,289
2015-16	49 (73%)	$5,341	49 (73%)	$5,341	-	-
2016-17	118 (71%)	$5,888	118 (71%)	$5,708	4 (2%)	$5,325
2017-18	127 (73%)	$8,521	127 (73%)	$7,999	8 (5%)	$8,285
2018-19	82 (60%)	$7,583	81 (59%)	$7,424	2 (1%)	$10,204
2019-20	89 (78%)	$6,294	87 (76%)	$5,672	5 (4%)	$13,350
2020-21	97 (87%)	$9,109	97 (87%)	$8,072	7 (6%)	$14,365
2021-22	80 (84%)	$8,989	80 (84%)	$8,028	8 (8%)	$9,607
Average	98 (77.78%)	$7,426	98 (77.44%)	$7,003	5 (4.00%)	$8,939

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Scholarships, Grants, and Loan Trends at Rasmussen University-Minnesota

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time